B. Riley Wealth Advisors Inc. Purchases New Stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL)

B. Riley Wealth Advisors Inc. acquired a new position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 29,333 shares of the company’s stock, valued at approximately $910,000.

Other large investors also recently added to or reduced their stakes in the company. Rothschild Investment LLC purchased a new position in Capital Group Core Balanced ETF during the second quarter worth about $94,000. Hobbs Group Advisors LLC lifted its holdings in Capital Group Core Balanced ETF by 257.4% in the third quarter. Hobbs Group Advisors LLC now owns 3,217 shares of the company’s stock valued at $100,000 after acquiring an additional 2,317 shares during the last quarter. ICA Group Wealth Management LLC grew its position in Capital Group Core Balanced ETF by 153.9% in the second quarter. ICA Group Wealth Management LLC now owns 4,153 shares of the company’s stock worth $123,000 after acquiring an additional 2,517 shares during the period. Ashton Thomas Securities LLC purchased a new stake in Capital Group Core Balanced ETF in the third quarter valued at $141,000. Finally, Private Trust Co. NA lifted its stake in shares of Capital Group Core Balanced ETF by 28.0% in the 3rd quarter. Private Trust Co. NA now owns 6,591 shares of the company’s stock valued at $205,000 after purchasing an additional 1,441 shares during the last quarter.

Capital Group Core Balanced ETF Price Performance

Shares of NYSEARCA:CGBL opened at $32.22 on Wednesday. Capital Group Core Balanced ETF has a 12-month low of $26.93 and a 12-month high of $32.48. The business has a 50-day moving average price of $31.63 and a 200 day moving average price of $30.70.

About Capital Group Core Balanced ETF

The Capital Group Core Balanced ETF (CGBL) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds that offers a balanced approach to total return and capital preservation. The fund employs an active asset allocation strategy to invest in equities, debts, money market instruments, and cash.